7 Polk Street
About This Property
The kitchen was updated in 2013 and features granite countertops and stainless steel appliances, all less than five years old. The heating system was also replaced in 2013. Upstairs, the oversized primary bedroom runs from the front of the house to the back and offers access to an additional full bath.
Outside, the fully fenced yard features a cement patio and driveway that were redone in 2013. The detached 1.5-car garage has electric and provides plenty of room for parking, storage or a workshop. Additional updates include a new roof in 2022.
Enjoy the benefit of Freeport Electric and its typically lower electric costs, along with a convenient location close to shopping, transportation and Freeport's popular Nautical Mile. Flood insurance is approximately $2,600 per year.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Listed by Keller Williams Realty Elite | $625,000 | |
| Listed by Keller Williams Realty Elite | |||
| Jul 13, 1995 | Sold | ||
| Sold | |||
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About Freeport
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017